USC Forecast Predicts Rising Rents and Commercial Real Estate Financing Struggles – WestsideToday

The University of Southern California’s Lusk Center for Real Estate predicts an upward trajectory in multifamily rents across Southern California over the next two years, signaling potential hurdles for commercial real estate financing. Diop’s forecast talks about the number of people who are leaving the state and California’s affordable housing shortage in the region as indicators of a “region missing the mark for livability.” 510,000 residents of the state left between 2020 and 2022, signaling a larger exodus than the population of Atlanta. In Los Angeles County, which has an acute housing shortage and has lost the most residents in the state, the net loss of 146,500 residents between 2020 and 2022 is equivalent to the size of the city of Fullerton, California.

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